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PaCE 550/551 Evaluation

PaCE 550/551 Evaluation. Based actual performance of enterprises. Fall term: performance measurement system and the performance targets that you set Spring term: achievements given the targets set for your enterprises in the fall.

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PaCE 550/551 Evaluation

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  1. PaCE 550/551 Evaluation

  2. Based actual performance of enterprises • Fall term: performance measurement system and the performance targets that you set • Spring term: achievements given the targets set for your enterprises in the fall.

  3. Performance targets should be:comprehensive -- reflect your main objectives in both aspects of your enterprise aspirational and realistic

  4. Aspirational means that they should stretch you. Hence, • the best that PaCE teams have achieved in the past might be considered a B performance; • the best that similar (i.e., same line of business, target markets, or missions) enterprises achieve might be an A standard;

  5. The Balanced Scorecard • focuses on four perspectives: • Financial, • Customer, • Internal Business Process • Learning and Growth

  6. Help organizations focus on long-term mission • Conceived with Information Age business dynamics in mind. • Uses a range of "leading and lagging" indicators to evaluate whether a business is moving toward its strategic goals.

  7. A communication mechanism • Lets front-line workers see how their efforts contribute to the enterprise's success. • Lets front-line workers explain to other participants in the enterprise the day-to-day realities that affect their progress.

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